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i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the export economy. you're saying that it's in trouble, it's broken. >> i'm not saying it's broken. i'm saying there's a transition going on towards consumption exporting to europe and real estate are no longer going to be their drivers nap will probably create more volatility than we've had in the past. >> how easy is it to expect this transition? you're buying in the consumer space. >> yes, and you have the transition of the government. one of the other big messages we picked up over there, particularly in i understondia, emerging market central banks, they're very concerned about what the traditional bank
i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the...
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>> the economy is another serious problem. that is another way of talking about the plight of real people out there. after four years of stewardship, i can say that we are not moving in the right direction. we are picking up 100,000 jobs a month. you have to have 180,000 just to keep pace. we are not in a recovery. growth is under 2% while it has been 2.2. that is why we are sitting around after all these years. we have a specific plan. that plan are tax incentives in order to build up this economy and great growth. you can't do anything in this country until you get growth going again. until there are plans in place. talking about a tax reduction so that they can spend more money. so that they are xare competiti with over seas people. >> you heard governor gilmore and in your opening, you basically said okay the economy is not as bad as you think. what i want to hear is what you and president obama would do in a second term. what positives would you put into place? >> we do need a jobs bill. someone said that the recovery bil
>> the economy is another serious problem. that is another way of talking about the plight of real people out there. after four years of stewardship, i can say that we are not moving in the right direction. we are picking up 100,000 jobs a month. you have to have 180,000 just to keep pace. we are not in a recovery. growth is under 2% while it has been 2.2. that is why we are sitting around after all these years. we have a specific plan. that plan are tax incentives in order to build up...
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and igor, it's still a 2% economy. i mean, this is an anemic, the worst economy in modern times going back to 1947. now the question, though, politically, igor, i want you both to weigh in before we leave, politically does this stop obama's drop from the debate? igor, real fast, please. >> i don't think the drop is that great and, yes, there's a lot of -- >> no, it doesn't because the debate performance reenergized the conservative movement and republican donors and voters around the country, larry. that is the news of the week, this unbelievable performance by mitt romney. >> i got to leave it there, gentlemen. igor, i'm sorry. steve moore got the best of those two conclusions. igor volsky, steve moore. >> coming up, the jobless rates hits a five-year high. investors have been fleeing the stock market in droves. the question is can they come back. don't forget, folks, free market capitalism is the best path to prosperity. if we had adopted free market capit capitalism in 2009, the unemployment rate would be about 5.5%
and igor, it's still a 2% economy. i mean, this is an anemic, the worst economy in modern times going back to 1947. now the question, though, politically, igor, i want you both to weigh in before we leave, politically does this stop obama's drop from the debate? igor, real fast, please. >> i don't think the drop is that great and, yes, there's a lot of -- >> no, it doesn't because the debate performance reenergized the conservative movement and republican donors and voters around...
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it's still the economy, even overseas. get this -- as the november election approaches, the economy remains by far the top issue on voters' minds. a recent rasmussen poll shows the economy as very important as to how they will cast their ballot. here is dave goldman and keith mcauliffe. dave goldman, we're going to have to switch this a little bit. bear with me. the new today coming out of iran is potentially very important. as you may know, their currency, the rial, has dropped 40% in the past week. black market currency traders and others are rioting in the streets. they had to bring in special riot police to do this. what's going on? is that country imploding over its money collapse? >> larry, i very much doubt it. the immediate effect of the shortage of foreign exchange is to concentrate power in the hands of the people who have the foreign exchange, namely the regime. no one else has the guns and money to oppose them. the immediate impact will be to convince ahmadinejad and his gang that they need to be all the more a
it's still the economy, even overseas. get this -- as the november election approaches, the economy remains by far the top issue on voters' minds. a recent rasmussen poll shows the economy as very important as to how they will cast their ballot. here is dave goldman and keith mcauliffe. dave goldman, we're going to have to switch this a little bit. bear with me. the new today coming out of iran is potentially very important. as you may know, their currency, the rial, has dropped 40% in the past...
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economy is starting to starting to move up. now in honor of the end of the baseball season, it seems to be the straw that stirs the drink in honor of reggie jackson. i think if we continue momentum to the up side, dollar/yen has a chance to go to 80 which is a very key level. if you clear that, you have a move all the way up to 83. to me a buy at 79 with a stop at 77.50, first target of 80, then possibly 83 is an interesting trade off of today's nfp numbers. >> catch more currency trades today and every friday, 5:30 p.m. on cnbc's "money in motion." still to come -- your tweets. cnbc's seema mody has them. >> you got a question on stocks, currencies, xhomd ticommodities. that's next on the halftime report. [ male announcer ] for the dreamers... and those well grounded. for what's around this corner... and the next. there's cash flow options from pnc. solutions to help businesses like yours accelerate receivables, manage payments, and help ensure access to credit. because we know how important cash flow is to reaching your goals
economy is starting to starting to move up. now in honor of the end of the baseball season, it seems to be the straw that stirs the drink in honor of reggie jackson. i think if we continue momentum to the up side, dollar/yen has a chance to go to 80 which is a very key level. if you clear that, you have a move all the way up to 83. to me a buy at 79 with a stop at 77.50, first target of 80, then possibly 83 is an interesting trade off of today's nfp numbers. >> catch more currency trades...
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you believe that free market capitalism is the best way to grow the economy. i do too, susan. did that push you toward romney? >> absolutely. i think capitalism is the most efficient genius of american culture. and i feel that the current president doesn't see a problem that a government program can't solve. and i have much more faith in individuals. >> government trickle down. that is what the phrase that romney used. government trickle down zblin deed. >> i thought that was pretty darn clever. steve right here is cringing already about that. but government trickle down, susan. did that turn you off? >> yeah. very much so. and i think it's an accurate reflection of the philosophy of this administration. >> all right. how about the debate? we'll give you a few seconds. debate last night? please, not please? give me a quickie. >> i think you said it best, larry, when you said that the president's clock was politely cleaned. it was very -- it was visceral. it was in the room. it was clear that the president wasn't on his a game at all. you could see anytime his body language. yo
you believe that free market capitalism is the best way to grow the economy. i do too, susan. did that push you toward romney? >> absolutely. i think capitalism is the most efficient genius of american culture. and i feel that the current president doesn't see a problem that a government program can't solve. and i have much more faith in individuals. >> government trickle down. that is what the phrase that romney used. government trickle down zblin deed. >> i thought that was...
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back to an incentive-based economy and aaway from an entitlement economy. that's the biggest way to sum it up. >> do you have a problem with na? that paradigm that michael just uttered, which the romney paradigm versus the obama paradigm, do you have a problem with that? >> i don't see why anybody has a problem with that. that's a winning argument. to sort of start a fight on the set, i would say if obama is re-elected, the world will not end. it will look less aattractive from an investment environment. >> how many dow points will fall if obama is re-elected in your opinion? >> i would say 10% at least. >> just because obama wins? >> absolutely. >> and his policies? >> i'm just baiting you and see how you come out this. >> the policies are for real. the fact that he wins the stock market. >> a no growth economy is not going to support a price earnings ratio. >> obama believed in capitalism and believes in a different type of capitalism than other people. the other point is that -- the same argument was made in '08 and the stock market went up 100%. >> afte
back to an incentive-based economy and aaway from an entitlement economy. that's the biggest way to sum it up. >> do you have a problem with na? that paradigm that michael just uttered, which the romney paradigm versus the obama paradigm, do you have a problem with that? >> i don't see why anybody has a problem with that. that's a winning argument. to sort of start a fight on the set, i would say if obama is re-elected, the world will not end. it will look less aattractive from an...
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economy. waiting on spain, the ecb expected to hold steady on rates. country's president tells cnbc that europe's policymakers must remain focused. >> if we get bogged down into what was meant by the june agreements and waste time on this kind of discussions, then it's much less likely that a coherent system will emerge. >> madrid continues to put faith in the hands of private investors while finance minister heads to london to raise funds for the country's bad bank. and india's crucial services sector grows at its fastest rate in seven months, while the government gets set to take another swing at boosting it through foreign investments. thanks very much for joining me. anyone that's missing ross, he'll be back in tomorrow. but for now, you're all mine. . plenty to come on the next couple hours of the show. lots of guests to help us figure out what's going on. we'll get a view from sydney about cautious shoppers. borrowing costs are expected to fall. we'll bring you those results from madrid.
economy. waiting on spain, the ecb expected to hold steady on rates. country's president tells cnbc that europe's policymakers must remain focused. >> if we get bogged down into what was meant by the june agreements and waste time on this kind of discussions, then it's much less likely that a coherent system will emerge. >> madrid continues to put faith in the hands of private investors while finance minister heads to london to raise funds for the country's bad bank. and india's...
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economy right now? >> think consumers are in a tough spot and i think retailers like sears and kmart are using tools like layaway which has been a tradition at kmart for over 50 years now. they can give unique benefits and powerful financial incentives and been fits to their customers they'll do well. >> how much more in sales are you anticipating in terms of consumers saying i am going go ahead and deciding that i will buy this for the holidays ahead of time? >> what we do know is that a tool like sears and kmart gives the financial flexibility that they may not had. >> customers that may have had credit card before use it as a financing tool and they pay over time. those customers are more valuable. they buy more and at the end of the day they become more loyal to the brands. >> is there an estimate, though, on how much in sales you'll be able to pull forward because of the elimination of the fees? >> we think that these -- we know these customers buy materially more than customers that don't use the
economy right now? >> think consumers are in a tough spot and i think retailers like sears and kmart are using tools like layaway which has been a tradition at kmart for over 50 years now. they can give unique benefits and powerful financial incentives and been fits to their customers they'll do well. >> how much more in sales are you anticipating in terms of consumers saying i am going go ahead and deciding that i will buy this for the holidays ahead of time? >> what we do...
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economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the decision of the oracle board of directors. i believe we'll gradually increase the dividend as opposed to dublg it or tripling it all at once. nothing dramatic. >> shares of oracle during the last year, take a look at it. 31.65. he's gotten close to the top there, joe. >> all right, andrew. thank you. >>> my stories don't deserve that music? okay. thank you. you know what? i'm so nervous now and unsettled, i don't know what's coming. >> we've been working on new music, trying to find new things -- >> those drums, though. i'm
economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the...
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the service sector, the bigger part of the economy. this september number we're expecting, basically a lateral move. 53.7 was our last look and we're also coming off of several other data points. adp was better than expected at 162. high ironic, we stripped away last month's revision. we could argue about the fed in qe 3 but initially re-fis have popped and we're waiting for it, the markets are moving a little bit. equities are 55.1. they've had it. they started to rally. much better than expected. much better than our last look and it's the best number going back to march. march when you had a number of 56.0. we've pretty much taken away the down on equities and we've moved the basis point higher on tens to a middle of five-basis point closing range over the last week and that is at 163. melissa lee, back to you. >> thank you very much, rick santelli. slight pop in the equity market. steve? >> really interesting number here. rick said stronger than expected along with the ism manufacturing number. the business activity number, up to a
the service sector, the bigger part of the economy. this september number we're expecting, basically a lateral move. 53.7 was our last look and we're also coming off of several other data points. adp was better than expected at 162. high ironic, we stripped away last month's revision. we could argue about the fed in qe 3 but initially re-fis have popped and we're waiting for it, the markets are moving a little bit. equities are 55.1. they've had it. they started to rally. much better than...
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people are feeding more in developed economies and emerging economies are eating better, means more proteen in their diets. that gulf between 0.3 and 0.9 widens further still and there is continued to be decelerating productivity improvements on land, so there could be a point in time where we end up with much higher food prices even with what we see today. >> steven thank you for coming on and hope to see you again soon. >> thank you. >>> coming up don't start your trading week without a healthy dose of jim cramer. we'll head down to the new york stock exchange to talk to him, after this short break. >>> ready or not, the stock of the day is coming up, you're watching "squawk box" on cnbc. first in business worldwide. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, t
people are feeding more in developed economies and emerging economies are eating better, means more proteen in their diets. that gulf between 0.3 and 0.9 widens further still and there is continued to be decelerating productivity improvements on land, so there could be a point in time where we end up with much higher food prices even with what we see today. >> steven thank you for coming on and hope to see you again soon. >> thank you. >>> coming up don't start your trading...
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they'll drive the economy the wrong way. and when it came to closing loopholes, the only loophole he was willing to talk about, i wish he had talked about closing the kerry loophole. that would have been an interesting one. that's a big inexcusable one. but instead he said he'd get rid of big bird. as we all know, that's not going to do it. he's just not honest on either the tax side or the revenue side. but, look. i used to work at boston consulting group, too. mitt is a great presenter, and he made a good presentation last night. >> and i assume you have thoughts on -- and i don't want to get too much into the style because that is all anyone's talking about today. but you must have some explanation for why the president appeared the way he did and why he chose to leave out some bullet points that he could have pulled out of his pocket. >> sure, look. i think the president focused on the facts and focused on his accomplishments and his plans for the future. and he was very factual in what he did. and as many people have sa
they'll drive the economy the wrong way. and when it came to closing loopholes, the only loophole he was willing to talk about, i wish he had talked about closing the kerry loophole. that would have been an interesting one. that's a big inexcusable one. but instead he said he'd get rid of big bird. as we all know, that's not going to do it. he's just not honest on either the tax side or the revenue side. but, look. i used to work at boston consulting group, too. mitt is a great presenter, and...
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it really say fun way of looking at the economy, of how beer is affected by the way the economy is doing. overall -- you're laughing. overall it's typically considered recession proof. it's cheap. but for $8 or $9, you can get a nice six pack at home without breaking the bank. and president obama also has a home brewing kit. all sorts of ways to drink your beer. >> i like when you say it's a fun way of looking at the economy. >> make it fun and entertaining. >> we'll have a brew after the show. thank you so much, alison kosik. >>> epic smackdown and a star is born. jennifer livingston in lacrosse, wisconsin, had more than a few choice words for a fan who criticized her weight. that fan wrote, quote, obesity is one of the worst choices a person can make. then he advised livingston to reconsider your responsibility to present and promote a healthy lifestyle. livingston responded speaking directly to that man who sent her that e-mail. his name is kenneth crouse. >> do you think i don't know that, that your cruel words are pointing out something that i don't see? you don't know me. you are n
it really say fun way of looking at the economy, of how beer is affected by the way the economy is doing. overall -- you're laughing. overall it's typically considered recession proof. it's cheap. but for $8 or $9, you can get a nice six pack at home without breaking the bank. and president obama also has a home brewing kit. all sorts of ways to drink your beer. >> i like when you say it's a fun way of looking at the economy. >> make it fun and entertaining. >> we'll have a...
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only 114,000 jobs added to the economy. you had that psychological boost of the unemployment rate going down to 7.8%. is the obama camp doing the happy dance? >> well, they're not doing a happy dance, carol, because the president is always the first one to say that even though we are headed in the right direction, and these numbers continue to prove that, we're now at the 31 straight months of private sector job creation. he says there is a lot more to do. he knows there is a lot more people out there that want jobs, that need jobs, and it is always a reason he talked about for the policies he's putting in place. we're going in the right direction. it is working but we need more to do. it is important psychologically because it is now below 8% and he's also now at a net job creation number for his term. it has taken away two important talking points from the republicans in terms of the jobs numbers. >> and i'll ask you this, some conservatives are coming out and saying that these jobs numbers are skewed. and something has b
only 114,000 jobs added to the economy. you had that psychological boost of the unemployment rate going down to 7.8%. is the obama camp doing the happy dance? >> well, they're not doing a happy dance, carol, because the president is always the first one to say that even though we are headed in the right direction, and these numbers continue to prove that, we're now at the 31 straight months of private sector job creation. he says there is a lot more to do. he knows there is a lot more...
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policies are working, that his agenda is finally getting traction in the economy. here's what the president had to say. >> there are too many middle class families that are still struggling to pay the bills. they were struggling long before the crisis hit. but today's news certainly is not an excuse to try and talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> that was friday right after the jobs numbers came out. i'll point out two meaningful things about those jobs numbers. one, you recall when his stimulus plan came out somebody in his administration said with the stimulus plan. it was never a promise, a projection. symbolically it's meaningful this is now below 8%. also now it's fallen for the first time not because fewer people are looking for jobs. actually, the number of people looking for jobs rose slightly. so it's two pieces of good news for the obama campaign in a weak they really needed something. >> the bad news was the president's own performance in the debate. i'm told the pr
policies are working, that his agenda is finally getting traction in the economy. here's what the president had to say. >> there are too many middle class families that are still struggling to pay the bills. they were struggling long before the crisis hit. but today's news certainly is not an excuse to try and talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> that was friday right after the jobs numbers...
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our economy doesn't grow from the top down. it grows from the middle out. we don't believe that anybody's entitled to success in this country. but we do believe in opportunity. we believe in a country where hard work pays off and responsibility is rewarded and everybody is getting a fair shot. and everybody is doing their fair share and everybody is playing by the same rules. that's the country we believe in. that's what we have been fighting for the last four years. that's what we are going to put in place in the next four years, if you re-elect me as president of the united states of america. that's what we're going to do. >> and a very friendly crowd at the george mason university campus in fairfax, virginia. and you're hearing some of the typical stump speech, but not only two minutes into the stump speech, the president was able to say we have the lowest unloimt number u unemployment numbers out this morning as soon as i took office and then we have come too far to turn back now. and was able to reinvoke another reference to big bird, which is getting
our economy doesn't grow from the top down. it grows from the middle out. we don't believe that anybody's entitled to success in this country. but we do believe in opportunity. we believe in a country where hard work pays off and responsibility is rewarded and everybody is getting a fair shot. and everybody is doing their fair share and everybody is playing by the same rules. that's the country we believe in. that's what we have been fighting for the last four years. that's what we are going to...
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obviously waiting for the breaking news on the economy. closely watched jobs report you were talking about. getting more scrutiny than usual. because of the presidential election is nearing. are more job seekers getting hired? what does it say about the economic future? we will try to answer those questions when we bring the jobs report to you. mitt romney on his victory lap attempting to repair damage where he said 47%. now he saying, quote, i was completely wrong. the question today is that -- image we have or is that just a flip-flop? why distract from your victory lap to does 47%? both sides will be weighing in for us. the man who was charles manson's right hand line, a california panel has granted him parole. we will look at the details behind that. all ahead at 7:00 on "starting point" 14 minutes from now. >> who are you rooting for? >> braves and orioles tonight. sorry, texas. already. 46 minutes after the hour. big-time hollywood director taking the lead on a very i did kind of project. getting people to rock the vote. we will talk
obviously waiting for the breaking news on the economy. closely watched jobs report you were talking about. getting more scrutiny than usual. because of the presidential election is nearing. are more job seekers getting hired? what does it say about the economic future? we will try to answer those questions when we bring the jobs report to you. mitt romney on his victory lap attempting to repair damage where he said 47%. now he saying, quote, i was completely wrong. the question today is that...
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you all say you're not happy with the economy at this point. what is different about a second term president obama than a first term? >> well, you are absolutely right. the president is not satisfied. we've come a long way from when we were losing 800,000 jobs a month in january of 2009 when he took office. we've now created five million private sector jobs. we're net positive in terms of jobs. the hole is huge, and we have to not only fill that hole, but create an economy in which the middle class has a chance, and candy, we're not going to get there by going back to the same policy that is we've had before. >> how are we going to get there? >> we're going to do it by responsibly dealing with these deficits while leaving money to invest and those things we need to grow -- education, research and development, clean energy technology. >> those aren't sort of specific proposals. what i'm asking you is -- >> let's talk about -- >> they haven't passed. >> 100,000 new math and science teachers. we need that to move forward as a country. >> that's a
you all say you're not happy with the economy at this point. what is different about a second term president obama than a first term? >> well, you are absolutely right. the president is not satisfied. we've come a long way from when we were losing 800,000 jobs a month in january of 2009 when he took office. we've now created five million private sector jobs. we're net positive in terms of jobs. the hole is huge, and we have to not only fill that hole, but create an economy in which the...
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. >> spain spends 42% of their total economy on government. we're now spending 42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they're working. >> all right. i don't want -- >> no, no. >> i can imagine it would seem offensive. here is the question had it comes to his words versus the president's words. the president, everyone hangs on every syllable or consonant. mitt romney, does he have more latitude or is he under the same microscope over seize? >> he is not under the same microscope. some of the things he's said in the past before that comment about spain, for instance, about the palestinians and how israelis are somehow implying culturally business minded where as the palestinians are not and some of the things he said regarding russia, for instance, that it is america's number one geopolitical foe, and those have been framed in the foreign press and other countries outside of the united states as gaffes by someo
. >> spain spends 42% of their total economy on government. we're now spending 42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they're working. >> all right. i don't want -- >> no, no. >> i can imagine it would seem offensive. here is the question had it comes to his words versus the president's words. the president, everyone hangs on every...
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lights out. ♪ (sirens) (train horn) ♪ vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ♪ [ man ] excuse me miss. [ gasps ] this fiber one 90 calorie brownie has all the moist, chewy, deliciousness you desire. mmmm. thanks. [ man ] at 90 calories, the brownie of your dreams is now deliciously real. [ female announcer ] and now, try our new chocolate chip cookie 90 calorie brownie. >>> we're back with tonight's outer circle where we reach out to our sources around the world. we begin in tunisia, where protesters have taken to the streets in support of a woman who was charged with public indecency after she was allegedly raped by police officers. the officers claim they found her in a quote, immoral position. they made that claim after she filed a claim against them. i asked atika shubert if those charges will hold up. >> well, it's really up to the judge. today is only the first of many hearings to determine whether or not this woman will have to face this charge of public indecency. what's so incredible about the stor
lights out. ♪ (sirens) (train horn) ♪ vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ♪ [ man ] excuse me miss. [ gasps ] this fiber one 90 calorie brownie has all the moist, chewy, deliciousness you desire. mmmm. thanks. [ man ] at 90 calories, the brownie of your dreams is now deliciously real. [ female announcer ] and now, try our new chocolate chip cookie 90 calorie brownie. >>> we're back with tonight's outer circle...
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economy. you have the president promising four more years of stagnation and dependency. >> paul ryan acknowledges what he calls missteps and admitting mistakes, missteps. is that a deliberate strategy? >> i don't know if it's a smart strategy. but i know it's a realistic strategy. obviously they're down in the polls. i think he's being humble. i think he's being realistic. he's admitting there's been mistakes maitt romney said he didn't make the best articulation when speaking of the 47%. they do need to eat a little humble pie and admit things are not all rosie. we can't deny what the polls are showing. we may be able to argue with the polls a little bit, but things need to pick up. i think paul ryan admitting that this morning is a good thing and refreshing from a politician. >> effectively what he's doing is he's telling people what they already know. he's saying, look, we've done it. we don't have to talk about it. l.z, let's get to anna's point. mitt romney did speak about the 37% of obam
economy. you have the president promising four more years of stagnation and dependency. >> paul ryan acknowledges what he calls missteps and admitting mistakes, missteps. is that a deliberate strategy? >> i don't know if it's a smart strategy. but i know it's a realistic strategy. obviously they're down in the polls. i think he's being humble. i think he's being realistic. he's admitting there's been mistakes maitt romney said he didn't make the best articulation when speaking of...
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of the economy right now? is there too much? and in your case, mr. president, should there be more? beginning with you, this is not a new two-minute segment. we'll go for a few minutes and then we're going to go to health care. okay? >> regulation is essential. you can't have a free market work if you don't have regulation. as a business person, i had to have -- i needed to know the regulations. i needed them there. you couldn't have people opening up banks in their garage and making loans. you have to have regulations so that you can have an economy work. every free economy has a good regulation. at the same time, regulation can become excessive. >> is it successful now? >> in some places, yes. it could become out of date. what's happening with some of the legislation passed during the president's term, you've seen regulation become excessive and it's hurt the economy. dodd-frank was passed, and it includes provisions that have it telling banks too big to fail. this is the biggest kiss that's been given to ne
of the economy right now? is there too much? and in your case, mr. president, should there be more? beginning with you, this is not a new two-minute segment. we'll go for a few minutes and then we're going to go to health care. okay? >> regulation is essential. you can't have a free market work if you don't have regulation. as a business person, i had to have -- i needed to know the regulations. i needed them there. you couldn't have people opening up banks in their garage and making...
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many say they will see more of this and in the long run, this will end up hurting the venezuela economy more than it will help it, don. >> yeah, i was going to ask about that. and people are watching saying, you are broadcasting here. so the rules apply for that. but what i think is interesting is an 80% participation rate, that is almost unheard of. >> well, yeah, we'd like those kinds of numbers, right, don. >> yeah, it certainly speaks to the legitimacy of the process. the carter center came here, and they said this is going to be a free fair transparent election. one of the automated elections. we are going to move on, and now the focus will hit squarely on hugo chavez's health. he said he is cured of cancer. we saw him last night and he did not look well. there's no way to confirm it at all, and the kind of cancer he had, and he never disclosed what it was, you have to think, you know, will he get sick again? or has he made this miraculous recovery? and that really is going to be the next risk here in venezuela. there is nobody waiting in the sidelines and that can destabilize the
many say they will see more of this and in the long run, this will end up hurting the venezuela economy more than it will help it, don. >> yeah, i was going to ask about that. and people are watching saying, you are broadcasting here. so the rules apply for that. but what i think is interesting is an 80% participation rate, that is almost unheard of. >> well, yeah, we'd like those kinds of numbers, right, don. >> yeah, it certainly speaks to the legitimacy of the process. the...
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more signs of weakness in the global economy. new data overnight from china show its factory sector slowed last month, and a report from hsbc says new export orders declined last month with the sharpest rate in 3 1/2 years. soledad, china has fashioned itself into the factory for the world. when china's manufacturing slows, everyone worries. >> all right, christine, thank you for the upset. >>> it's what everybody's talking about this morning, arnold schwarzenegger says that his life were a movie, nobody would believe it. from body builder to movie star to governor of california, his new book is called "total recall." it's out today and it details his entire life, including the now infamous affair with his house keeper that led to the breakup of his marriage with maria shriver. schwarzenegger talked about that affair in an interview with "60 minutes." >> i think it was the stupidest thing i've done in the whole relationship. it was terrible. i inflicted tremendous pain on maria and unbelievable pain on the kids. >> margita thomps
more signs of weakness in the global economy. new data overnight from china show its factory sector slowed last month, and a report from hsbc says new export orders declined last month with the sharpest rate in 3 1/2 years. soledad, china has fashioned itself into the factory for the world. when china's manufacturing slows, everyone worries. >> all right, christine, thank you for the upset. >>> it's what everybody's talking about this morning, arnold schwarzenegger says that his...
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lights out. ♪ (sirens) (train horn) ♪ vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> well, may be hard to believe but tomorrow will mark ten years since the first shots of a string of sniper attacks gripped the nation's capital. now the convicted shooter is speaking out about his crime. what he's now saying about it in his own words, ahead. e metal obe ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. >>> welcome back. mahmoud ahmadinejad's speech at the united nations general assembly last week was likely his last. his term as president of iran ends this year. to document his visit to new york city he brought along his official photographer. well, now ahmadinejad is back home in iran, but his photographer never left new york. according to his attorney, he's filing for asylum here in the u.s. he just spoke with cnn. deborah feyeric
lights out. ♪ (sirens) (train horn) ♪ vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> well, may be hard to believe but tomorrow will mark ten years since the first shots of a string of sniper attacks gripped the nation's capital. now the convicted shooter is speaking out about his crime. what he's now saying about it in his own words, ahead. e metal obe ground) things have been a little strange. (sfx: sound of piano...
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lights out. ♪ (sirens) (train horn) ♪ vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> well, may be hard to believe but tomorrow will mark ten years since the first shots of a string of sniper attacks gripped the nation's capital. now the convicted shooter is speaking out about his crime. what he's now saying about it in his own words, ahead. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. >>> welcome back. mahmoud ahmadinejad's speech at the united nations general assembly last week was likely his last. his term as president of iran ends this year. to document his visit to new york city he brought along his official photographer. well, now ahmadinejad is back home in iran, but his photographer never left new york. according to his att
lights out. ♪ (sirens) (train horn) ♪ vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> well, may be hard to believe but tomorrow will mark ten years since the first shots of a string of sniper attacks gripped the nation's capital. now the convicted shooter is speaking out about his crime. what he's now saying about it in his own words, ahead. with the ability to improve roi through seo all by cob. and you...rent from...
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who is responsible for the good economy, or relatively good economy in ohio? >> thank you for playing that segment. he said in that speech that ohio's economy was 38th, i believe, in the nation when you took office. that's not true. we were sixth in the nation in terms of economic job growth. the recovery started in ohio before john kasik became governor. if you look at the data, ohio's unemployment declined 1.6% in 2010. it declined another 1.7% in the first year and a half of the kasik administration. ohio's recovery is due in large part -- it's due in large part to two things, i believe. that's the recovery act which enabled us to stabilize ohio and to stop the free fall and, secondly, candy, it's the auto rescue. one in eight jobs in ohio is related to the auto industry. mitt romney said let detroit go bankrupt, but today in toledo and in youngstown and in the cleveland area multimillion-dollar investments are being made by gm and chrysler. people are working, and ohio's economy is benefitting as a result. >> senator dewine, i want to give you the last wor
who is responsible for the good economy, or relatively good economy in ohio? >> thank you for playing that segment. he said in that speech that ohio's economy was 38th, i believe, in the nation when you took office. that's not true. we were sixth in the nation in terms of economic job growth. the recovery started in ohio before john kasik became governor. if you look at the data, ohio's unemployment declined 1.6% in 2010. it declined another 1.7% in the first year and a half of the kasik...
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concerns about what these china-tied companies could do to the american economy. china has the means, opportunity and motive to use telecommunications companies for malicious purposes. congress has been aware of some of the concerns for a long time. chinese companies aren't like american companies or big multinationals that their most important job is to be tied to and promote the best things for china, not necessarily their shareholders. this is how the company huawei responds. a gobelly trusted company, including nationwide carriers across every continent, save antarctica. the security and integrity of our products have been proven. these are facts, political agendas aside. they say it's not true. but a house intelligence committee says, we don't think they should be allowed to expand in the u.s. >> a fight worth watching. >> oh, yes. >>> 28 minutes past the hour. gone in six seconds. coming up, a crash on the last turn of the last lap, takes out almost the entire field at talledega. >> wow. [ female announcer ] born from the naturally sweet monk fruit, somethin
concerns about what these china-tied companies could do to the american economy. china has the means, opportunity and motive to use telecommunications companies for malicious purposes. congress has been aware of some of the concerns for a long time. chinese companies aren't like american companies or big multinationals that their most important job is to be tied to and promote the best things for china, not necessarily their shareholders. this is how the company huawei responds. a gobelly...
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though most have centered around foreign policy, others have been about the economy, like in 2008. when the economy imploded, john mccain's advisors say his campaign collapsed along with it and never recovered. historians say in order for an october surprise to have a real 11th hour impact, it has to feed into a narrative that already exists, whether it's carter's ineffectiveness or questions about mccain's credentials on the economy. >> it's not so much that suddenly eureka, this is so surprising, so amazing, but rather, people nod yes, this is where we thought things were going. >> reporter: it's possible we may have already seen this election year's october surprise. maybe it was how the candidates reacted to tragedy in libya and the broader unrest in the mideast or maybe it was mitt romney's now infamous 47% remarks, or perhaps one or both of the campaigns is holding damaging information about the other, or there will be an unforeseen event on the world stage. it's hard to say, since if we could guess, it would not be called an october surprise. dana bash, cnn, washington. >> w
though most have centered around foreign policy, others have been about the economy, like in 2008. when the economy imploded, john mccain's advisors say his campaign collapsed along with it and never recovered. historians say in order for an october surprise to have a real 11th hour impact, it has to feed into a narrative that already exists, whether it's carter's ineffectiveness or questions about mccain's credentials on the economy. >> it's not so much that suddenly eureka, this is so...
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that story is the election's obviously about the economy. the economy is obviously about jobs. there's been huge discourse at this able and others about the unemployed. but what we think is the silent victims of the great recession are those who do have jobs. and there's millions, perhaps tens of millions of people whose careers have been stunted, whose ambitions have been slowed, whose dreams have been unfulfilled because of stagnant economy. we think this book and howard's wisdom will help those people chart forward. >> i got to write an essay -- i know this much about business, but i did give -- >> the book's not a business book. which is why we asked you and others to be in it. >> it's a life book. >> a variety of everyday people as well. we think it hopefully will appeal to millions of people searching not only for success in these difficult times but also satisfaction. >> uncommon wisdom to inspire your life's work. thanks. >>> still ahead on "starting point," freezing temperatures blast part of the united states. literally it just turned fall. are warmer days ahead in ou
that story is the election's obviously about the economy. the economy is obviously about jobs. there's been huge discourse at this able and others about the unemployed. but what we think is the silent victims of the great recession are those who do have jobs. and there's millions, perhaps tens of millions of people whose careers have been stunted, whose ambitions have been slowed, whose dreams have been unfulfilled because of stagnant economy. we think this book and howard's wisdom will help...
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the economy is too weak. we're growing faster then than we are now. >> how big an issue could it be for democrats if mitt romney successfully makes the case? >> you know, this is how i see it. imagine you're going into -- you want to buy a car, right? >> yeah. >> you go to the car dealership and the dealer says i've got this great car for you. it goes zero to 60 in two seconds and it's climate control, turbo charged and guess what, it's electric and it flies and it's only $10,000. and you say, great, it's awesome. this sounds like a great car. i would love to drive t he says there's a catch, though. i can't show it to you. it's in the garage but i can't actually show it to you, but are you going to buy it? you've got to trust me. all those things, it's all true. that's what you're seeing now. mitt romney sold something last night that can't be true. all of the independent analysis says -- and i take issue with some of your research there. as voters start to dig more into this pitch they're going to realize it
the economy is too weak. we're growing faster then than we are now. >> how big an issue could it be for democrats if mitt romney successfully makes the case? >> you know, this is how i see it. imagine you're going into -- you want to buy a car, right? >> yeah. >> you go to the car dealership and the dealer says i've got this great car for you. it goes zero to 60 in two seconds and it's climate control, turbo charged and guess what, it's electric and it flies and it's...
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for the president that means talking about the economy, how things are still difficult but the economy is in a much better place and heading in a much better direction. for romney it will be talking about the president's failed promises and perhaps a preview of that we saw yesterday with the help of vice president biden while he was out on the campaign trail. he was describing how middle class americans will be hurt under mitt romney. and then he sort of put -- framed their plight over the last four years this way. >> this is deadly earnest. how they can justify, how they can justify raising taxes on the middle class has been buried the last four years. how in lord's name can they justify raising taxes with these tax cuts? >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states. of course the middle class has been buried. they're being buried by regulations. they're being buried by taxes. they're being buried by borrowing.
for the president that means talking about the economy, how things are still difficult but the economy is in a much better place and heading in a much better direction. for romney it will be talking about the president's failed promises and perhaps a preview of that we saw yesterday with the help of vice president biden while he was out on the campaign trail. he was describing how middle class americans will be hurt under mitt romney. and then he sort of put -- framed their plight over the last...
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only 32% of latinos think the republican party can fix the economy. this is compared to 62% who think democrats can do it. so while those numbers paint a picture of how the candidates are doing, we're going deeper. this weekend we're bringing you an in depth look with our documentary special latino in america, counting their vote. soledad o'brien went to the state of nevada. take a look. ♪ >> reporter: january 24th, 2012, washington d.c. >> i get the chills every time i walk by this building. ♪ >> reporter: congressional candidate ruben could youen has traveled across the country as a guest of his mentor, senator harry reid, to attend the state of the union address. >> this is maybe a once in a lifetime opportunity. god willing, we win this election in june, and in november and next year i'll be searching in this body as a member of congress listening to that speech. ♪ >> reporter: while in washington, ruben makes a point to meet with key latino congressmen. >> should be there. a few more offices. >> reporter: like congressman beccerra. >> congr
only 32% of latinos think the republican party can fix the economy. this is compared to 62% who think democrats can do it. so while those numbers paint a picture of how the candidates are doing, we're going deeper. this weekend we're bringing you an in depth look with our documentary special latino in america, counting their vote. soledad o'brien went to the state of nevada. take a look. ♪ >> reporter: january 24th, 2012, washington d.c. >> i get the chills every time i walk by...
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what about the economy? this is going to be the top issue in this domestic oriented debate tomorrow night. can you get any closer than that? one thing i want to talk about. the gender gap. weaver seen it. and here's a brand new poll from quinnipiac university, another survey in the last hour, not even that. look at that. president with a very large advantage among women voters. in our poll it was a little smaller but the president also had the advantage. mitt romney has an advantage among men but not by as much. >> ten points. not enough to make up for the gap with women. thanks very much for being with us this morning. great to see you in person. >> great to be here. >> in a few minutes sean spicer will join us live. he's the communications director for the republican national committee. >> also ted strickland the obama campaign's national co-chair. >>> word that an egyptian nil tant freed from prison in the wake of the arab spring is linked to the attack on the u.s. consulate in libya that killed four amer
what about the economy? this is going to be the top issue in this domestic oriented debate tomorrow night. can you get any closer than that? one thing i want to talk about. the gender gap. weaver seen it. and here's a brand new poll from quinnipiac university, another survey in the last hour, not even that. look at that. president with a very large advantage among women voters. in our poll it was a little smaller but the president also had the advantage. mitt romney has an advantage among men...
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it's indicative of a kind of slow-growth economy. i think that republicans still should make jobs issue number one in this campaign because even with a decent number, and by the way, this does probably take away a soundbyte for the republicans, but it's been three and a half years since we have had a a rate under 8%, but it's still a lousy job market for people out there looking. and what we call the broad unemployment rate, that includes people who can't find a full-time job, that's 14.6% or 23 million workers. >> in terms of cooking the books, jack welsh, the former g.e. ceo. saying it's too politically convenient. you can say to them what? >> i don't think there is a conspiracy here. i think it's almost certain there isn't. but what jumped out at people, wolf, in these numbers, is there are two surveys they do. one of businesses and one of households, and the how's hold survey found 875,000 new people working, and people are scratching their heads saying where did that number come from. the other report showed 110,000. >> and some
it's indicative of a kind of slow-growth economy. i think that republicans still should make jobs issue number one in this campaign because even with a decent number, and by the way, this does probably take away a soundbyte for the republicans, but it's been three and a half years since we have had a a rate under 8%, but it's still a lousy job market for people out there looking. and what we call the broad unemployment rate, that includes people who can't find a full-time job, that's 14.6% or...
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how is the economy doing? joined by alison kosik, new york stock exchange, to talk a little bit about this. alison, the candidates will be pressing each other on the whole issue of jobs. what does the picture look like for jobs? >> you know, with jobs, it is improving slowly, but the reality is it is just not great. we got another little sliver of information today from adp, it said private sector employment gained by 162,000 jobs in september, but this is just a clue of what to expect on friday from the government jobs report. that's really the biggie, the report that counts. it factors in the private sector jobs, it counts government jobs which actually have been shrinking and the expectation is that the economy added 110,000 jobs in september. and, you know, that would be just be okay, because the reality is we have got a long way to go. in early 2009, the economy lost over 800,000 jobs a month. this by the way is the year that president obama took office. compared to that, 110,000 on friday would be good.
how is the economy doing? joined by alison kosik, new york stock exchange, to talk a little bit about this. alison, the candidates will be pressing each other on the whole issue of jobs. what does the picture look like for jobs? >> you know, with jobs, it is improving slowly, but the reality is it is just not great. we got another little sliver of information today from adp, it said private sector employment gained by 162,000 jobs in september, but this is just a clue of what to expect on...
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and so there are positive signs in the economy, but the problem is, this isn't an economy that is operating on all cylinders. >> alison kosik, thank you. want to keep the conversation going because a lot of the discussion about the economy and the numbers has to do with the manufacturing sector. it had been a bright spot in the economy until now. today's unemployment report shows that the drop in manufacturing jobs specifically down 16,000 have -- a plant makes feed covers, commercial furnitures and for this plant they have been expanding, right, ted? >> reporter: absolutely. all good news here in elkhart county, indiana, they got hammered during the recession. we're talking 18.5% unemployment. but here as you mentioned, they're making seat covers for airlines. and for automobiles, and they have a different type of problem now, they have open jobs that they're trying to fill, which weiland designs and they have added 70 positions over the past year. they are trying to add more, but they're having trouble getting people in here. now, the unemployment rate in this county is at 8%, you would t
and so there are positive signs in the economy, but the problem is, this isn't an economy that is operating on all cylinders. >> alison kosik, thank you. want to keep the conversation going because a lot of the discussion about the economy and the numbers has to do with the manufacturing sector. it had been a bright spot in the economy until now. today's unemployment report shows that the drop in manufacturing jobs specifically down 16,000 have -- a plant makes feed covers, commercial...
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the worst economy since the depression. i think he will lay out that we made strides, we can do more. if you follow his path, that focus is on the economy from the middle out. we'll do a lot better in the next four years. >> mayor villaraigosa, thank you very much. candy, back to you. >> thanks, jessica we want to go on the other side of the spin room, where we find jim acosta, who also has a guest. hey, jim. >> candy, i'm joined by senior adviser kevin madden. mitt romney preparing for this debate off and on over the last month, since the republican convention. is he ready? >> i think he's very well prepared. if you look at governor romney's career, whether it's been as a governor, as head of the olympics or a business, he's always prepared. he sees this as an important opportunity to go out and really cut through a lot of clutter in the campaign, talk directly to the public about the issues. he's prepared to do that. >> one of the topics that came up tonight in the news cycle, is what governor romney said to a local news
the worst economy since the depression. i think he will lay out that we made strides, we can do more. if you follow his path, that focus is on the economy from the middle out. we'll do a lot better in the next four years. >> mayor villaraigosa, thank you very much. candy, back to you. >> thanks, jessica we want to go on the other side of the spin room, where we find jim acosta, who also has a guest. hey, jim. >> candy, i'm joined by senior adviser kevin madden. mitt romney...
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, in his understanding of what's missing right now in the economy, what -- you know, the pieces that are missing to get this jump started, so for me i think it would just be the emotional part of it. >> i can make him mad. i'm probably one of the few people who can really make him mad. >> how do you make him mad? >> any number of ways. >> okay. so interesting. are these wives helping or, you know, hurting their husbands in this buildup to the election? >> well, they're definitely helping with their public image because they're the most likable parts of each ticket really, but i feel as though they could be helping a lot more because that ann romney clip continued to her saying that the only thing she's concerned about is if romney wins, she's concerned about his mental well-being. so you might not want to question the mental health of your husband who you're asking everybody to elect as leader of the free world, and michelle obama i feel like she can probably privately -- i think the biggest thing they can do to help their husbands is privately encourage them to be more of who they a
, in his understanding of what's missing right now in the economy, what -- you know, the pieces that are missing to get this jump started, so for me i think it would just be the emotional part of it. >> i can make him mad. i'm probably one of the few people who can really make him mad. >> how do you make him mad? >> any number of ways. >> okay. so interesting. are these wives helping or, you know, hurting their husbands in this buildup to the election? >> well,...
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i want our economy to strengthen. i want us to recover as a country. and i think the smartest thing any political person can do, any pundit can do is celebrate america doing better. >> i think you're absolutely right. so why are many republicans saying the numbers were cut, when there's no interaction when the white house and the office that decides these numbers, that is spinning and whining as well. >> because we are 30 days from an election. and everything is political. what they need is political, what they wear is political, what they say is political, but at the end of the day after november 6 we are all in this together. >> i think they are wiping -- >> can i give you one point? >> go ahead. >> we have had 27 to 28 consecutive months now of job growth. this is not a one-off. the republicans have not been happy about job growth for two years. what we saw this past week was just a microcosm of what we have seen the past two years. >> listen, i'm being told you are going to get cut off because the satellite is going down in a minute. can we just sh
i want our economy to strengthen. i want us to recover as a country. and i think the smartest thing any political person can do, any pundit can do is celebrate america doing better. >> i think you're absolutely right. so why are many republicans saying the numbers were cut, when there's no interaction when the white house and the office that decides these numbers, that is spinning and whining as well. >> because we are 30 days from an election. and everything is political. what they...
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and the economy as a whole begins to grow. but to do that and reduce the deficit at the same time, we've got to ask folks who can afford it to do a little bit more. now, last night this may have actually been the real mitt romney because he ruled out raising a dime on taxes on anyone ever no matter how much money they make ruled out closing those loopholes that are giving $4 billion of corporate welfare to the oil companies, refused to even acknowledge the loophole that gives tax breaks to corporations that move jobs overseas. when he was asked what he would do to actually cut spending and reduce the deficit, he said he'd eliminate public television funding. don't boo now. but i just want to make sure i got this straight. he'll get rid of regulations on wall street. but he's going to crack down on sesame street. >> all right. so there's the president of the united states. he's got a good line there about mitt romney. he's been ridiculing mitt romney big time. he did it earlier today. now. something he avoided doing dramaticall
and the economy as a whole begins to grow. but to do that and reduce the deficit at the same time, we've got to ask folks who can afford it to do a little bit more. now, last night this may have actually been the real mitt romney because he ruled out raising a dime on taxes on anyone ever no matter how much money they make ruled out closing those loopholes that are giving $4 billion of corporate welfare to the oil companies, refused to even acknowledge the loophole that gives tax breaks to...